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Q-Gold Encounters High-grade Gold in Mine Centre, Ontario

Q-Gold Resources Ltd. (QGR.V) today announced that assays from
its 9-hole Phase II delineation drilling program at the Company's
100%-owned historic gold-producing Foley Mine complex near Mine
Centre, Ontario have yielded a number of additional high-grade
gold-rich zones shown in the accompanying table.

Highlights of Drill Intersections

The interval drilled in the Bonanza Vein in hole QBV-12-06 was
particularly significant, intersecting a weighted average of 12.76
grams per tonne (g/t) of gold (Au) (uncut) over a 3.1 metre (m)
interval at a depth of 122.20 m, below the levels where historic
production occurred. Included in this zone was 1.05 m (core length)
intersection assaying 33.38 g/t Au (uncut).

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